Answer:
29) B) $25,000
30) D) $203400
31) C) $215,100
Explanation:
Fair value of parents held by side will be $25,000.
The total Lower of Cost or Market is $38870.
<h3><u>
What is Lower of Cost or Market?</u></h3>
- Companies using U.S. GAAP must value their inventories using the lower of cost or market (LCM) technique.
- The lower of the original cost or market value is used to value inventory in the lower of cost or market approach, as the name suggests.
We have,
Mountain Bikes: 15 units, cost: $710, market: $660, total cost: $10,650, total market: $9900, LCM: $9900
Skateboards: 20 units, cost: $260, market: $290, total cost: $7800, total market: $8700, LCM: $7800
Gliders: 29 units, cost: $810, market: $730, total cost: $23490, total market: $21170, LCM: $21170
Total cost: $41940
Total market: $39770
Total LCM: $38870
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Answer:
Option B, lower interest rates and increase the equilibrium GDP.
Explanation:
Option B is correct because the increase in the money supply will reduce the interest rate and increase the real GDP or output on the country because the rise in the money supply will results in more money in the hand of people. Therefore, more investment and production will be done in the economy. Thus, a rise in the production of output in the economy will result in the rise of GDP
Answer:
The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.
Explanation:
Please check the answer section.
Answer:
beta of portfolio is 1.55
Explanation:
First we calculate the Equity Risk Premium, given as:
Equity Risk Premium = Market Return - Risk Free Rate
= 11 - 6 = 5%
Given that;
Risk Free Rate = 6%
Return on Stock = 13.75%
Second, we calculate the Return on Stock
Return on stock = Risk-free rate + Equity risk premium * Beta for stock